Index Quant Analyst - Summer Intern

Index Quant Analyst - Summer Intern

Citi is an American multinational investment bank and financial services corporation headquartered in New York City, NY.

(more about Citi)

Job Description

Would you like to learn more about investment strategies? Do you study Economics/Computer Science/Financial Mathematics and have programming experience in Python?

Then make a personal impact at one of the world’s most global banks and kick-start your career as a Summer Intern at Citi in Budapest!

What team you will join:

Citigroup Global Markets Limited (CGML) develops a range of rules-based investment strategy Indices and offers investment solutions for both institutional and individual investors enabling exposure to investment allocation strategies through Index linked financial products. The range of strategies target cross-asset investment themes leveraging full spectrum of financial instruments and seek to respond to investors' needs for innovation, risk mitigation, transparency in systematic investments and to balance efficient implementation with solid investment rationale.

In this role, you will join Citi Benchmark Administration (BAT), which is responsible for implementing Index ideas in the form of investable benchmarks, testing Index methodologies, benchmark determination and dissemination process which includes ongoing calculation, publication and maintenance of benchmarks.

What tasks you will work on:

  • Understanding how a systemic investment strategy plays its role in Citi Investment Strategies institutional client portfolio

  • Understanding what role BAT plays in this business segment of Citi

  • Understanding BAT team’s analytical library and its place in the team’s different systems

  • Implementing in Python quantitative index concepts and various elements of the investment strategy models

  • Back-testing of systematic investment strategies

  • Optimizing existing methods

  • Releasing new model configurations into daily evaluation and verification process

What we offer:

  • Gain experience in financial modelling for investment strategies through extensive Python coding

  • Learn how Citi’s investment strategy business succeeds in this competitive market

  • Transparent career routes and opportunity for future full-time positions

  • Creative, inspiring, multinational work atmosphere

  • A socially active team and communities with diverse networking opportunities

Whom we think will be a good fit:

  • Currently completing a BSc or MSc in Economics, Computer Science, Financial Mathematics or similar - active Hungarian student ID is needed

  • Excellent verbal and written English

  • Affinity for capital markets and various financial instruments

  • Previous programming experience and proven skills in Python

  • Basic knowledge about object-oriented programming and Git is preferable

  • Good command of MS Excel

  • Good problem-solving skills and procedural thinking

  • Precise working style

Program start date: 20 June 2022

Our Summer Internships are 3-month paid talent programs with competitive salary and are full-time opportunities (40 working hours/week) during summer.

Your journey and flexible career at Citi begins here – apply now!

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Job Family Group:

Management Development Programs

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Job Family:

Intern

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Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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